Fortitude Gold (Fortitude Gold) Days Payable : 77.54 (As of Mar. 2024)

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What is Fortitude Gold Days Payable?

Fortitude Gold's average Accounts Payable for the three months ended in Mar. 2024 was $3.41 Mil. Fortitude Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was $4.02 Mil. Hence, Fortitude Gold's Days Payable for the three months ended in Mar. 2024 was 77.54.

The historical rank and industry rank for Fortitude Gold's Days Payable or its related term are showing as below:

FTCO' s Days Payable Range Over the Past 10 Years
Min: 16.88 Med: 34.4 Max: 135.32
Current: 44.02

During the past 5 years, Fortitude Gold's highest Days Payable was 135.32. The lowest was 16.88. And the median was 34.40.

FTCO's Days Payable is ranked worse than
77.06% of 1068 companies
in the Metals & Mining industry
Industry Median: 131.36 vs FTCO: 44.02

Fortitude Gold's Days Payable increased from Mar. 2023 (26.01) to Mar. 2024 (77.54). It may suggest that Fortitude Gold delayed paying its suppliers.

Fortitude Gold Days Payable Historical Data

The historical data trend for Fortitude Gold's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortitude Gold Days Payable Chart

Fortitude Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

135.32

34.40

16.88

21.77

36.71

Fortitude Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													26.01	36.21	31.56	59.40	77.54

Competitive Comparison of Fortitude Gold's Days Payable

For the Gold subindustry, Fortitude Gold's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fortitude Gold's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortitude Gold's Days Payable distribution charts can be found below:

* The bar in red indicates where Fortitude Gold's Days Payable falls into.

Fortitude Gold Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Fortitude Gold's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.524	+	3.881)	/	2 )	/	31.842	*	365
=	3.2025					/	31.842	*	365
=	36.71

Fortitude Gold's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.881	+	2.944)	/	2 )	/	4.016	*	365 / 4
=	3.4125					/	4.016	*	365 / 4
=	77.54

Fortitude Gold Days Payable Related Terms

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Fortitude Gold (Fortitude Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortitude Gold Corp (OTCPK:FTCO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2886 Carriage Manor Point, Colorado Springs, CO, USA, 80906

Website

https://www.fortitudegold.com

Fortitude Gold Corp is a mineral exploration and evaluation company. It primarily explores gold and silver. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.